The Japanese experience of the 1990s shows:
A. monetary policy is always more effective than fiscal policy.
B. central bankers should not try to counter the business cycle.
C. sometimes monetary policy does not work.
D. monetary policy always works.
Answer: C
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Based on this figure, if an exchange rate of $0.09 dollars per Norwegian krone is maintained, the Norwegian government will gain (in dollar) ________ worth of international reserves per period. 
A. 495 B. 5,500 C. 220 D. 605
Suppose the price of coffee is $3 each, the price of bagels is $2 each and a person's budget is $40. The relative price of coffee is
A) 1.5 bagels. B) 2/3 of a bagel. C) 13.33 bagels. D) 20 bagels.
In 2005, Americans spend an average of more than $6,000 per person per year on health maintenance and care
Indicate whether the statement is true or false
One weakness of the Sherman Act is that
A. it applies only to the steel and railroad industries. B. it applies only to foreign monopolies. C. it fails to clearly define restraint of trade. D. none of these.